Risk Monitoring - Surveillance Manager

Job description

Job Description

At Regions, the Business Unit Compliance Manager leads a team of first line of defense risk management experts that advise on business and/or product decisions. Associates at this level ensure that all compliance activities within their area of expertise follow the necessary rules and regulations, contribute to process change and redesign in addition to developing business plans, policies, and procedures to support a specific line of business.

Primary Responsibilities

Oversees small team of professional level compliance staff and compliance efforts for designated business unit

Manages a monitoring and testing program to ensure effective compliance with all applicable laws and regulations

Participates in discussions with business partners, communicating compliance testing plan, and reviews risks identified from testing

Supports business unit by collaboratively facilitating the development of processes and procedures to ensure regulatory compliance, including participation in team meetings, business process improvement efforts, and compliance improvement initiatives

Maintains knowledge of rules and regulations and their impact on products, services, and operations for a specific line of business

Develops policies and procedures to comply with federal regulations and applicable state laws

Provides guidance to various departments regarding compliance issues and implementation of new compliance requirements

Ensures timely, accurate, and appropriate submission of information requested by regulatory agencies

Assists in the development and execution of training programs to ensure adherence to established policies and procedures

Analyzes account activity to identify potential risks and fraud

Contributes to the development and improvement of surveillance systems and processes

Conducts in-depth research into customer accounts, properly documents findings and communicates with business partners and business partner liaisons requesting information to ascertain if activity is reasonable within the purpose of the account

Documents findings by preparing reports in a manner that is clear and comprehensible to business partners, internal auditors, and regulatory examiners

Maintains knowledge of regulatory environment to develop risk ratings of all monitoring and testing activities

Maintains knowledge of regulatory environment, industry standards, and best practices to assess current monitoring and testing activities and make recommendations on new activities or retirement of existing activities

Stays informed of industry trends and developments in order to anticipate potential compliance and operational risks and proactively address them

Fosters a positive and professional working relationship with colleagues and promotes a team-oriented and supportive work environment

Adheres to all internal policies and procedures, as well as relevant laws and regulations, to maintain the highest level of integrity and ethical standards

Other duties and special projects may be assigned

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

This position is incentive eligible.

Requirements

Bachelor’s degree and seven (7) years of directly related experience, and three (3) years of management experience

Or High School Diploma or GED and eleven (11) years of directly related experience and three (3) years of management experience

Knowledge of legal and regulatory environment as it relates to compliance in a specific line of business

Preferences

Master’s degree

Certified Regulatory Compliance Manager (CRCM)

Skills and Competencies

Ability to learn additional systems as needed

Ability to research, analyze data, and derive facts

Ability to supervise and manage a team

Ability to work under pressure and meet deadlines

Demonstrated leadership capabilities

Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)

Strong verbal, written communication, and organizational skills

Strong work ethic and self-motivation

Strong analytical, research, and reporting skills

Experience in Microsoft Excel, PowerQuery, Tableau

Ability to solve problems by identifying and resolving issues

Attention to detail in reviewing and analyzing data

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum: $124,027.75 USD

Median: $168,580.00 USD

Incentive Pay Plans: This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance. Opportunity to participate in the Long Term Incentive Plan.

Benefits Information

Paid Vacation/Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings Account

Flexible Spending Account

Life Insurance

Parental Leave

Employee Assistance Program

Associate Volunteer Program

Location Details

Riverchase Complex North Building

Location

Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans

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Who can apply

Review the original listing for work authorization, qualifications and employer requirements.